Hi-Fi Rush studio Tango Gameworks has been acquired by Krafton and will remain open

Tango Gameworks has been acquired by Krafton, in a move that will keep the studio alive.

Xbox announced in April that it was shutting down four Bethesda studios – Tango, Redfall maker Arkane Austin, Mighty Doom developer Alpha Dog and support studio Roundhouse Games.

The studio seemingly closed its door in June, with developer Takeo Kido sharing photos on social media of what he said was its last day.

However, South Korean publisher Krafton, which also owns PUBG Studios and The Callisto Protocol studio Striking Distance, has now announced that it has acquired Tango Gameworks, seemingly rescuing it.

“Krafton Inc today welcomed the talented people of Tango Gameworks to their team, marking an exciting moment in the company’s global expansion and its first significant investment in the Japanese video game market,” the publisher said in a statement.

“This strategic move will include the rights to Tango Gameworks’ acclaimed IP, Hi-Fi Rush.”

The publisher plans to work with Xbox and ZeniMax to “ensure a smooth transition and maintain continuity at Tango Gameworks”, saying it wants the team to continue working on the Hi-Fi Rush IP and other future projects.

“Krafton intends to support the Tango Gameworks team to continue its commitment to innovation and delivering fresh and exciting experiences for fans,” it said.

Krafton says the move will have no impact on the studio’s previous games The Evil Within, The Evil Within 2, Ghostwire: Tokyo and Hi-Fi Rush, which will all still be available on their existing platforms.